Discuss the extent to which rapid economic growth in India and China is beneficial.

The first 200 words of this essay...

Discuss the extent to which rapid economic growth in India and China is beneficial.

According to the CIA World Factbook, India and China have achieved growth levels of 10.8% and 10.9% respectively. As their economies grow rapidly, people are able to achieve a higher standard of living and this has been seen particularly in China, where the number of people buying luxury goods as opposed to inferior goods has risen.

The general wellbeing of the population can also rise, as better services can be provided by the Chinese and Indian governments. This is because the more people in employment, the more income tax can be collected. This allows them to gain more revenue which can be distributed in improving areas such as education and healthcare. In China for example a healthcare reform is taking place allowing people on lower incomes to benefit from healthcare. Not only does this lead to that private benefit, a healthier population can be more productive due to increased live expectancy. This is desirable for the economy as it will lead to increased growth over a long period of time.

Crime could also lessen as people lower down the social order